China-based company Bit Origin has acquired 40.5 million Dogecoin for its crypto treasury, aiming to become the largest DOGE holder by raising $500 million through share sales and debt offerings. The price of DOGE has been trading between $0.14 and $0.29, with a potential rally towards $0.44 if buyers break through resistance levels. However, if the price falls below the 20-day SMA, the pair may remain range-bound for a while. The 4-hour chart shows bearish momentum, with potential downside risk to $0.21 unless there is a close above the 20-SMA signaling reduced selling pressure.

Read more at Cointelegraph: DOGE Aims for $0.29 As ETF Hopes And Crypto Treasuries Surge